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Updated 5 months ago on . Most recent reply

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6
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Jennifer Gaze
  • San Jose, CA
2
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6
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Help selecting a market for STR - NV or AZ?

Jennifer Gaze
  • San Jose, CA
Posted

Hi everyone - first time investor here! I'm looking into buying a $400-450K single family home to convert into a STR. Would appreciate any input on where to invest - Henderson, NV or Phoenix/Tuscon, AZ? Does anyone have experience with these market that can weigh in?

Thanks in advance for any advice! 

  • Jennifer Gaze
  • Most Popular Reply

    User Stats

    211
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    Noah Corwick
    • Realtor
    • Phoenix, AZ
    95
    Votes |
    211
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    Noah Corwick
    • Realtor
    • Phoenix, AZ
    Replied

    In regards to PHX for that budget, it's all going to depend on what is most important to you, cash flow or appreciation. IMO, PHX's current LTR market is better served from an appreciation standpoint. So again, all depends on your strategy. 

    Though I graduated from college in Tucson (Bear Down!), I am no expert in the Tucson market. However, it is significantly easier to find a SFH that checks more of your boxes. Tucson continues to grow and will always piggyback off of the success of PHX, which is not slowing down.

  • Noah Corwick
  • [email protected]
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